Skyworth (HKG:0751) expects inv details of JV by end of Jun


Skyworth Digital (HKG:0751) announced that the details of the investment in and an updated time table of its JV unit, LG Display (China), are expected to be determined by the JV parties by the end of June 2012.

LG Display (China) will conduct principal business activities of the manufacturing and sales of TFT-LCD materials and other electronic components, importing of such products for domestic sales and re-exporting and the provision of after sales service.

Skyworth Digital has not contributed any of the amount of US$133.4 million, being 10% of the registered capital of LG Display (China), as stated under the JV agreement.

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